[Market Focus] Woorim PTS Rises on Robot Reducer Prospects... Included in Both Hyundai Motor and Samsung Value Chains

The stock price of Woorim PTS, an industrial equipment parts company, is on the rise. As Boston Dynamics has begun the full-scale deployment of humanoid robots at Hyundai Motor’s factories, expectations that the company will be included in both Hyundai Motor Group and Samsung Group’s robot value chains are acting as a positive factor.

As of 10:04 a.m. on December 1, Woorim PTS shares were trading at 9,360 won, up 13.32% from the previous trading day. The news that Boston Dynamics, which supplies robot reducers, has deployed and is operating its humanoid robot 'Atlas' at Hyundai Motor’s U.S. plant appears to have had a positive impact on the stock price.

Boston Dynamics is a robotics company acquired by Hyundai Motor Group. On November 18 (local time), Boston Dynamics announced during an online webinar that its goal is to deploy thousands of humanoids over the next five to ten years.

Previously, Woorim PTS had developed precision reducers for robots in collaboration with Samsung Heavy Industries and reportedly supplied them to Boston Dynamics as well. As a result, the company is included in the robot business value chains of both Samsung Group and Hyundai Motor Group.

Since 2016, Woorim PTS has proactively invested in facilities and development for the mass production of precision reducers for robots, which are key components for import substitution from Japan. The company has carried out national projects with Samsung Heavy Industries, and in 2020, it was selected for the 'Materials·Parts·Equipment Leading SMEs 100' project by the Ministry of SMEs and Startups.